Workforce development and economic development are interrelated and interdependent.

1. Workforce development and economic development are interrelated and interdependent. Ed = ED

2. WHAT IS THE BEST ECONOMICINVESTMENT TOOL AVAILABLE?

3. EARLY EDUCATIONHUGE RETURN ON INVESTMENT (Per participant in 2000 constant dollars discounted 3% annually) Larry Schweinhart, High/Scope Educational Research Foundation, www.highscope.org

4. HIGH/SCOPE PERRY PRESCHOOLECONOMIC EFFECTS Barnett, W.S. (1996). Lives in the balance: Benefit-cost analysis of the Perry Preschool Program through age 27. Monographs of the High/Scope Educational Research Foundation. Ypsilanti, MI: High/Scope Press. Graphic from National Institute for Early Education Research.

5. ABECEDARIANACADEMIC BENEFITS Barnett, W. S., & Masse, L. N. (2007). Early childhood program design and economic returns: Comparative benefit-cost analysis of the Abecedarian program and policy implications, Economics of Education Review, 26, 113-125; Campbell, F.A., Ramey, C.T., Pungello, E., Sparling, J., & Miller-Johnson, S. ( 2002). Early childhood education: Young adult outcomes from the Abecedarian Project. Applied Developmental Science, 6(1), 42-57. Graphic from National Institute for Early Education Research.

6. CostBenefitsB/C Perry Pre-K $15,386 $262,642 17.1 Chicago P/C $ 7,384 $ 74,981 10.1 Elmira Prenatal $ 7,109 $ 49,217 6.9 Abecedarian $35,864* $130,666 3.6 Nurse-Family $ 9,118 $ 26,298 2.9 *Marginal cost, net or existing child care costs. ECONOMIC RETURNSTO EARLY INTERVENTION (In 2002 dollars, 3% discount rate) Barnett, W. S., & Masse, L. N. (2007). Early childhood program design and economic returns: Comparative benefit-cost analysis of the Abecedarian program and policy implications, Economics of Education Review, 26, 113-125; Belfield, C., Nores, M., Barnett, W.S., & Schweinhart, L.J. (2006). The High/Scope Perry Preschool Program. Journal of Human Resources, 41(1), 162-190; Temple, J. A., & Reynolds, A. J. (2007). Benefits and costs of investments in preschool education: Evidence from the Child-Parent Centers and related programs. Economics of Education Review, 26(1), 126-144.

7. WISCONSIN STUDY FISCAL FLOWS IN K-12 • Title • The Economic Returns to Wisconsin’s Education System from Investment in Four-year-old Kindergarten • Sponsors • Trust for Early Education • The Pew Charitable Trusts • Pre-K Now • Authors • Professor Clive R. Belfield • Queens College, CUNY • Dennis K. Winters • NorthStar Economics, Inc. http://dpi.wi.gov/ec/ec4yrpag.html

8. WISCONSIN STUDY EXPANDED COSTS & BENEFITS

9. FISCAL COSTS &BENEFITS PERSPECTIVE • $66 million < 1% of State Education Budget • Huge Returns to Individual and Society • Imperative to Workforce Development • Imperative to Economic Development

10. WHAT MORE DO YOU NEED? THE QUESTIONS HAVE BEEN ANSWERED • What is the greatest job need? • Skilled, creative, interactive occupations • What are the returns? • 17: 1 returns; 80% to the Public • Is it fiscally prudent? • Tiny fraction of total public school funding • What is your alternative investment? • Not a new mall !

11. WHY EARLY EDUCATION? AN EARLY FULCRUM • Third Grade Reading Skills • Learn to Read Read to Learn

12. ACHIEVEMENT GAP ESTABILISHED EARLY

13. ACHIEVEMENT GAP DEPENDENT ON THE MOTHER’S EDUCATION Source: Prof. James Heckman, Nobel Laureate, University of Chicago

14. POVERTY v. EDUCATION USE THE CORRECT POLICIES • Ed≠f(Poverty) • Poverty =f (Education)

15. WHAT THEY SAY “By 5, it is possible to predict, with depressing accuracy, who will complete high school and college and who won't.” – David Brooks, David Brooks: Schools and Skills The New York Times; Editorial

16. Questions ?

17. CONTACT INFORMATION • Dennis Winters • Phone: 608-267-3262 • Email: dennis.winters@dwd.wisconsin.gov • Website:www.dwd.wisconsin.gov • OEA website: www.dwd.wisconsin.gov/oea